Commission Disclosure
Introduction
This commission disclosure statement outlines the commission arrangements between Solace Cars and our lenders for finance products and services that we offer to you. We aim to be completely transparent and fair in the way that we provide financial services to you.
Commission Disclosure
Solace Cars is a credit broker and not a lender. We work with a panel of lenders to provide finance products and services to our customers. The commission we receive from the lenders varies depending on the product and the lender. We will receive a commission based on the percentage of the total amount borrowed or a flat fee per transaction.
The commission received by Solace Cars does not affect the amount you pay for the finance product or service. We are committed to providing fair and transparent pricing to our customers.
In accordance with the FCA rules, we will disclose the commission arrangements in a manner that is clear, fair, and not misleading. We will provide you with the following information before you enter into an agreement with us:
- The fact that we receive commission for arranging finance products and services.
- The name of the lenders we work with and any relationships we have with them.
- Whether we offer finance products and services from a limited number of lenders or if we work with a wide range of lenders.
- If you ask us, we will disclose the amount of commission we will receive form the lender.
Our Commitment to You
We are committed to providing you with clear and transparent information about our commission arrangements. We believe that being transparent about our commission arrangements is essential in building trust with our customers.
If you have any questions or concerns about our commission or any of the finance products and services we offer, please do not hesitate to contact us. We will be happy to provide you with the information you need to make an informed decision. If you’d like to know what we will earn from providing our services to you, you request this information over the phone, by email, or by post.
Summary
Solace Cars is committed to providing fair and transparent pricing to our customers. We are committed to complying with the FCA rules regarding commission disclosure and providing clear and transparent information about our commission arrangements. We believe that being transparent about our commission arrangements is essential in building trust with our customers.